Burkett Asset Management Ltd lessened its holdings in shares of Vanguard S&P 500 ETF (NYSEARCA:VOO – Free Report) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,148 shares of the company’s stock after selling 1,026 shares during the period. Vanguard S&P 500 ETF comprises approximately 8.4% of Burkett Asset Management Ltd’s investment portfolio, making the stock its biggest position. Burkett Asset Management Ltd’s holdings in Vanguard S&P 500 ETF were worth $9,030,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Vanguard S&P 500 ETF by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 39,068,508 shares of the company’s stock valued at $24,501,033,000 after acquiring an additional 1,141,931 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Vanguard S&P 500 ETF by 6.5% during the first quarter. California Public Employees Retirement System now owns 33,635,939 shares of the company’s stock worth $20,099,155,000 after purchasing an additional 2,049,100 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Vanguard S&P 500 ETF by 3.6% during the fourth quarter. Raymond James Financial Inc. now owns 29,347,563 shares of the company’s stock worth $18,404,737,000 after purchasing an additional 1,019,492 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Vanguard S&P 500 ETF by 1.3% during the first quarter. Bank of America Corp DE now owns 27,441,061 shares of the company’s stock valued at $16,397,406,000 after purchasing an additional 354,072 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Vanguard S&P 500 ETF by 496.2% during the fourth quarter. Royal Bank of Canada now owns 21,356,933 shares of the company’s stock valued at $13,393,573,000 after purchasing an additional 17,774,521 shares during the period.
Vanguard S&P 500 ETF Trading Down 0.2%
NYSEARCA VOO opened at $713.61 on Friday. The stock has a market cap of $1.02 trillion, a PE ratio of 24.97 and a beta of 1.00. Vanguard S&P 500 ETF has a 12 month low of $578.46 and a 12 month high of $716.39. The company’s 50-day moving average price is $688.58 and its 200-day moving average price is $658.07.
Key Headlines Impacting Vanguard S&P 500 ETF
- Positive Sentiment: Moderated wholesale inflation and softer-than-expected producer-price data reduced fears of additional Federal Reserve rate increases. Markets are increasingly betting that the Fed will hold rates steady in September, supporting large-cap stocks and VOO’s underlying holdings. S&P 500 Logs Third-Consecutive Weekly Gain
- Positive Sentiment: The S&P 500 closed at another record high as easing inflation, lower oil prices, and continued technology-sector strength improved investor sentiment. This provides a favorable near-term backdrop for VOO, which tracks the index. Dow rises as S&P 500 closes at record high
- Positive Sentiment: More than 40 S&P 500 companies reported approximately $9.6 billion in tariff refunds, with about $2.1 billion already received in cash. Refunds could support corporate earnings and cash flow across some of VOO’s holdings. S&P 500 Companies Claim First Payouts From $100 Billion Tariff Refund Wave
- Neutral Sentiment: Long-term analysis notes that the S&P 500 has historically produced roughly 10% annualized total returns, supporting the case for holding VOO over extended periods. However, this is historical context rather than a direct catalyst for current trading. Where Will the Vanguard S&P 500 ETF Be in 20 Years?
- Negative Sentiment: Renewed Middle East tensions and uncertainty heading into the weekend are limiting risk appetite, helping explain why VOO has pulled back even as the broader index remains near record levels. S&P 500 edges higher as earnings offset Middle East tensions
- Negative Sentiment: Valuation is a longer-term concern: the S&P 500 is trading at an elevated earnings multiple, while Vanguard’s projected U.S. stock returns are below historical averages. High valuations may make VOO more sensitive to disappointing earnings or interest-rate surprises. The S&P 500 Costs 27.5 Times Earnings
Vanguard S&P 500 ETF Company Profile
Vanguard 500 Index Fund (the Fund) is an open-end investment company, or mutual fund. The Fund offers four classes of shares: Investor Shares, Admiral Shares, Signal Shares, and Exchange Traded Fund (ETF) Shares. The Fund seeks to track the investment performance of the Standard & Poor’s 500 Index, an unmanaged benchmark representing the United States large-capitalization stocks. The Fund employs a passive management-or indexing-investment approach designed to track the performance of the Standard & Poor’s 500 Index.
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